The homeownership rate in the first quarter of 2014 is at the lowest since June 1995.
The rate of homeownership at the end of 1Q2014 was 64.8%, which is 0.2 percentage points lower than the first quarter 2013 rate of 65%, according to the U.S. Census Bureau.
The rental vacancy rates inside principle cities, in the suburbs and outside MSA’s were not statistically different from the first quarter 2013 rates.
Anthony Sanders, distinguished professor of real estate finance at George Mason University, says on his blog Confounded Interest, that he knows exactly why.
“Here is the reason why: declining real median household income, declining wage earnings growth, declining mortgage purchase applications,” he says.
read more…
http://www.housingwire.com/articles/29833-homeownership-hits-lowest-level-since-june-1995
Just back out of hospital in early March for home recovery. Therapist coming today.
Sales fell 5.9% from September and 28.4% from one year ago.
Housing starts decreased 4.2% to a seasonally adjusted annual rate of 1.43 million units in…
OneKey MLS reported a regional closed median sale price of $585,000, representing a 2.50% decrease…
The prices of building materials decreased 0.2% in October
Mortgage rates went from 7.37% yesterday to 6.67% as of this writing.
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